Press release
Mixed Signal SoC (MxSoC) Market Trends and Projections 2024
Mixed Signal SoC (MxSoC) Market Trends
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According to The Business Research Company's, The mixed signal system on chip (MxSoC) Market size has grown rapidly in recent years. It will grow from $626.66 billion in 2023 to $696.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to growing demand for consumer electronics, increased use of mobile and portable devices, rising adoption of IoT devices, demand for compact and efficient designs, developments in automotive electronics, expansion of the telecommunications sector, innovations in digital and analog signal processing, and the and the need for cost-effective and energy-efficient solutions.
The mixed signal system on chip (MxSoC) market size is expected to see rapid growth in the next few years. It will grow to $1071.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to rising demand for multi-core processors, growing use of embedded systems across industries, the expansion of 5G and next-generation communication technologies, increased consumer electronics penetration, the development of advanced semiconductor manufacturing processes, growing investments in R&D and technological advancements, a surge in automotive electronics and smart vehicle technologies, and growth in smart home and wearable technology. Major trends in the forecast period include higher integration of analog and digital functions, use of advanced packaging and miniaturization, the emergence of AI-driven SOC designs, the development of high-speed and high-bandwidth communication interfaces, advancements in semiconductor fabrication technologies, a growing focus on integrated security features, and increased customization and flexibility in SOC designs.
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Market Drivers and Trends:
The increasing penetration of smartphones is expected to propel the growth of the mixed signal system on chip (MxSoC) market going forward. The demand for smartphones is driven by innovations such as improved processors, advanced camera systems, and enhanced connectivity, which boost consumer interest and drive upgrades. Moreover, the growing need for internet access and mobile data drives demand, especially in emerging markets, with the availability of budget-friendly and mid-range smartphones. A mixed-signal system on-chip (MxSoC) enhances smartphone functionality by integrating analog and digital components on a single chip, improving performance and efficiency. For instance, in February 2024, according to Uswitch Limited, a UK-based financial conduct authority, the number of mobile connections in the UK rose to 71.8 million, reflecting a 3.8% increase (approximately 2.6 million connections) compared to 2021. Moreover, by 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, the increasing penetration of smartphones will drive the growth of the mixed signal system on chip (MxSoC) market.
Major companies operating in the mixed-signal system-on-chip (MxSoC) sector are focusing on advanced integration techniques, such as mixed-signal simulation platforms, to enhance design accuracy, accelerate time-to-market, and improve overall product performance. A mixed-signal simulation platform is a software tool that integrates analog and digital circuit simulations to verify and validate the functionality and performance of complex IC designs. For instance, in July 2022, Siemens EDA, a US-based electronic design automation software company, launched the next-generation Symphony Pro platform, enhancing its mixed-signal IC verification capabilities. This advanced platform supports the latest Accellera verification methodologies and features an intuitive visual debug cockpit. The platform significantly boosts productivity, offering up to a 10X improvement over previous solutions. It addresses the complex verification needs of modern SoCs used in automotive, imaging, IoT, 5G, computing, and storage applications, where demand for advanced mixed-signal content is growing.
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Major Key Players of the Market:
Intel Corporation, Qualcomm Incorporated, Broadcom Corporation, Micron Technology Inc., Fujitsu Semiconductor Inc., NVIDIA Corporation, Texas Instruments Inc., MediaTek Inc., Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Microchip Technology Incorporated, Marvell Technology Group, Cadence Design Systems Inc. , Arm Holdings PLC, Silicon Labs, Xilinx Inc., Semtech Corporation, Elpida Memory Inc., LSI Corporation, MIPS Technologies Inc., Palmchip Corporation
Mixed Signal System On Chip (MxSoC) Market 2024 Key Insights:
• The mixed signal system on chip (MxSoC) market size is expected to see rapid growth in the next few years. It will grow to $1071.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%.
• Rising Smartphone Penetration Drives Growth In Mixed Signal System On Chip (MxSoC) Market
• Advancements In Mixed-Signal System-on-Chip Verification
• North America was the largest region in the mixed signal system on chip (MxSoC) market in 2023
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